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, debt ceiling cliff. your elected officials ready to push america over the edge of the cliff. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. >> well, yes, you will, mr. president, and very soon. democrats and republicans are set to clash again over raising the u.s. debt ceiling. back in the old days, the u.s. had a snl where every time a bill involving money was passed, the treasury had to raise money for by issuing bonds. the debt ceiling law was given the u.s. treasury the flexibility to borrow money. it had nothing to do with spending control or debt control. it was a technicality. most functioning countries don't have any such thing because they understand that if the government spends the money. it has to pay the bills. republicans seem to think that the debt sealing is a good tool to limit how much the government spends, the current debt ceiling was hit on december 31st, but like last time, the u.s. treasury is using extraordinary measures to ghet get it throu
was tough stay tuned for bruising round twompt from automatic spending cuts to raising the debt ceiling and paying for uncle sam to at a open, the battle battle lines are how will that fight play out. we'll ask two key congressman. van hollen and jim jordan. he's's new man in town with a message that champions opportunities. will the party establishment listen. we'll get a fresh perspective from senator ted cruz. from spending to immigration and gun control debate, will the new congress get past the toxic partis an shepto get things done for voters. we'll ask the sunday panel to read the political teleaves all right now on "fox news sunday". hello again from fox news in washington. after side stepping the fiscal cliff, the country faces a triple threat of greater scale . at stake government spending cuts and full faith and credit of the united states. with bruises fresh from the last dust up early jabs are already flying. joining is democratic chris van hollen and republican jim jordan. senate minority leader said the revenue piece is done. the president wants more tax he needs to limit
discussion on raising the debt ceiling. why do they feel thief -- they have that leverage? >> because they lost the last time. for all intents and purposes that he lost the fiscal cliff debate. the president got way more than republicans got out of their side of the bargain. i think republicans feel they have more leverage. also, i think they have seen polling that shows americans support spending cuts across the board especially when it comes to raising the debt ceiling as part of a larger deal. if you take a closer look at the polling, once you name individual spending cuts, voters are less inclined to support them. if you name individual programs that they would cut. generally voters support spending cuts in conjunction with the debt ceiling. >> there are polls showing republicans would have taken the blame if no fiscal cliff deal had been achieved. is there a thinking honest republicans -- amongst republicans that that will shift and if we fail to raise the debt limit we default on our loans, it's the white house and democrats would get the blame and not republicans? >> republican
to do now faced with not only another fiscal cliff but also this debt ceiling. i mean i think that the showdown over the debt ceiling could be much, much worse than anything we've seen so far because they're just dug in. both sides are dug in. >> this does seem to be a division inside the republican party right now. you have some voices saying, you know, that phrase "the wall street journal" used shoot the hostage. you should be willing to shoot the hostage, go over in default if you have to. senator cornyn calling about a partial government shutdown and newt gingrich saying that would be crazy. that would be a losing strategy. >> that doesn't scare some people because the big loser in the conflict last august was standard & poor's. standard & poor's said we are appalled and will lower your credit rating. they did and the money flowed in. we're borrowing at 40% less not out of this. we're borrowing today at 40% less costs than before our debt was downgraded. >> but don't you -- >> default -- the question is do you have to default? pat toomey says our interest charges are $300
point, we have the debt ceiling looming. if we were to find a solution for the debt ceiling from whether it makes democrats or republicans happy, we have some kind of resolution on the fiscal cliff. if we were to do the debt ceiling and take care of sequestration, do you think employers will start hiing? >> the best we could do would be to come up with a credible long-term plan. gerri: credible long-term plan on capitol hill and the white house. are you kidding? >> u.s. you're right. the problem here is, between now and the end of february eryone goin to say, well, here is a we need to do? are they going to agree on it? the republicans, i think, have corrected said we have done something on taxes. we raised it for everybody who works to raisetaxes for those nasty rich folk. now cut spending in order to get on a gravel path to reduce he deficit. >> we enacted the greast tax cut in american history. 25 million new jobs. the american economy had confidence in president reagan. in what direction was going to be. that is what is lacking. we need to have that right now. >> you go back. you hav
the president taking a solid stance on the debt ceiling. >> and our hi-def doppler radar our cbs 5 hi-def doppler radar is working overtime today. we'll give you your updated rainfall foals and plus tell you -- totals and plus tell you when your sunshine comes back in your seven day, up next. ,,,,,, ,, congress and t >>> the battle lines are already being drawn for the next showdown in washington over money. congress and the president have two months to work out a deal to raise the nation's already maxed out borrowing limit. but as cbs reporter major garrett shows us republicans are already saying no deal without spending cuts. >> reporter: the grand stage at the capitol nearly complete. so too the presidential reviewing stand just outside the white house gate. the first family's hawaiian vacation carved up by fiscal cliff drama ends today. the president used his weekly address to tell the nation that raising the debt ceiling to avoid a government default is a problem for congress. >> one thing i will not compromise over is whether or not congress should pay the tab for a bill they've
secretary. congress has two months to fix the debt ceiling before the u.s. may have to default on its bills. so the president comes back from a nice vacation in hawaii, he comes back to big issues that they have to tackle. sequestration, the debt ceiling, spenning. he is enjoying his last few minutes here on the plane, taxiing and he will head back to the white house with his family. >> jamie: molly, thank you. >> can washington come up with a plan to raise the debt limit without burying the count country in more debt? we have a former spokesperson for former governor jeb bush. happy new year. justin, the president says there won't be any negotiating t. needs to be raised -- period. what do you think? >> i think it's remarkable. it's as if the election meant that president obama has been elected king. the republicans compromised on a very important principle. they didn't want to raise taxes. president obama wanted to raise taxes, they compromised. now president obama is issuing a no-compromise to the congress, to the american people -- 48% didn't rote for president obama. it's very disrespe
the fiscal cliff deal was a lousy deal but i think moving forward with the debt ceiling i think those who believe in limited spending and solving the debt and not bankrupting our kids have the advantage in the negotiation on the debt ceiling. if we can stand strong and insist on number one structural reforms to fix the problem and number two, progrowth policies to grow the economy and get jobs back and get people back to work i think we with win that debate and win that argument. i don't think what washington needs is more compromise. i think washington needs more common sense and more principle. >> it is good to get to know you. thanks so much for dropping by and good luck. >> thank you for having me. >> appreciate it. >> up next, a new year, a new congress. we'll ask our political panel if the political well is still poison. >>> our economy captain afford more protracted showdowns or manufactured crises along the way. >> the american dream is in peril so long as its name sake is weighed down by this anchor of debt. break its hold and we begin to set our economy free. >> the president an
will not negotiate around the debt ceiling. at the same time, republicans feel like they have much more leverage in this debate. they felt like they were kind of on the losing end of the last fiscal cliff fight with their position that could have caused some tax increases on everyone, including middle class americans. so they were in a tough spot. they feel like this is an issue where they have more public support. the issue that we need to cut spending and that we shouldn't just keep raising the debt ceiling. so those are the dynamics going into that fight. add into that that speaker boehner is in a somewhat weakened position coming out of a tighter than expected fight for him to be reelected speaker. he will be speaker again but had to overcome some dissension in his own ranks to get in that position. and it's not just the debt ceiling fight. rolled into that was the sequester, which was pushed back only two months as part of the fiscal cliff deal, and we have part of a government funding bill that's going to expire in march. we have a lot rolled into one fight here. >> we do, and we have anot
about the spending, nothing about the debt ceiling anding in about the cliff. >> and it gave president obama more political juice and energy so he is going forward and he is saying he is not negotiated about the debt ceiling or anything else. >> mcconnell who could be a clone from "invasion of the body snatchers" was controlled by joe biden goes out there and at the last minute give as deal that screws the country, and his own party and he is re-elected after losing two senate lesses. it is unbelievable. none of them in washington understand this, they are both spending parties and they are basically both --. >>gregg: and the rasmussen poll, spending cuts should be considered in every federal government program, and 62 percent agree with that. yet many do not think it will happen. >> it will not happen based on what we saw. no one is talking about spending cuts. no one put a plan on the table like simpson-bowles to cut spending and to restore economic growth. >> if they could not do it past a year and a half they are not going to. >> this was a peter by an expert on the economy, and th
and now the lines are drawn for the battle or -- over the debt ceiling. >> add -- as i sad earlier this week one thing i will not compromise over is whether congress should pay the bill for a tab they have already racked up. if congress refuses to give the government the about -- ability to pay its bills on time, the consequences could be catastrophic. >> speaking for the republicans today michigan congressman davecamp faulted the president and congressional democrats for not working hard enough to incorporate meaningful spending cuts in the fiscal cliff deal. >> and the food and drug administration is proposing two sweeping rules to prevent food becoming con taminitied -- contaminated. the first rule would require companies that process food to take measures to prevent the risk of contamination. the second would require companies that harvest fruits and vegetables to prevent e. coli contamination. >>> well, time to get rid of that christmas tree. next, the city of coig has made that easy for some chicago residents. >> and it's that ti
to have a debate with us over the debt ceiling. he also says that he's not going to cut spending along with a debt limit hike. fiscal cliff behind us on the focus turns to spending. speaker ehr cited a new poll, showing 72% of americans agree with him. but any increase in the de limit must be accompanied by an equal amnt in spending cuts. senator john cornyn saying that if the president intends the president intends to carry through with his no negotiation threat, but a government shutdown may be the only way to find resolution. the new senate majority leader is saying that it may be necessary to partially shut down the government in order to secure the fiscal well-being of our country. the looming deadline for action has been obvious. and in every instance the white house has purposely blow up the process in a shameless attempt to score cheap political points. "the washington post" reported the top ally in the senate may not be fully on board with his approach. his imperious stance, if you will. senator harry reid repordly warned mr. obama is refusa to negotiate on the debt limit and
and the forthcoming debt ceiling, the united states faces a much deeper challenge. for more than a decade now, for many decades by some measures, america's growth rates have slowed. recoveries have been jobless. and median wages have declined. some combination of the information revolution and globalization has placed tough pressures on high-wage countries like the united states. these new forces of technology and globalization are accelerating and without a strategy to revive growth, long-term growth, all our problems get worse, including and especially our debt. washington's focus so far has been on raising taxes and cutting spending. it should really be on reforming and investing in the american economy. historically when the american government or the world bank or the imf advised countries that got into trouble, they usually stress that achieving fiscal stability, austerity was only a part of the solution. the key to reviving growth is structural reform to make the economy more competitive, as well as crucial investments in human and physical capital to ensure the next generation of grow
that? >> because i dhoint she thinks she was raped >>> the fiscal cliff, not important. the debt ceiling, not important, at least according to newt gingrich. at least they are not to him. details on why newt says it is time for washington to take a good look in the mirror. >>> 2013 is proving to be moore expensive for many americans. we will show you the top ten items that will cost you more this year. just use your maxperks card and get a case of x-9 paper for only 1-cent after maxperks rewards. find thousands of big deals now... officemax. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. [ male announcer ] when diarrhea hits, kaopectate stops it fast. powerful liquid
deal. now we are preparing for the debt ceiling. do you expect the same contentiousness and loggerheads? >> i think it will be contentious. it should be. we continue to borrow and spend. we don't cut. we are headed down the road to financial destruction, as everybody knows. we do need to pay our debts, but we don't need to keep incurring that debt. that's the argument we should make. we have to come to financial sanity and we are not there yet. i believe at theep of the day, if the president will get involved -- if he will get involved, we could do some good things, but we have to cut spending, we have some type of a grand bargain? i don't know. but we are in better shape than we were on the tax stuff. >> you said you would like to see the president get involved. let's listen to your boss talk about that? >> the single biggest threat to america's future and that's our excessive spending. i would like for the president to lead. it is a shame that we have to drag him to the table. >> and also, the president recently remarked that he does not want to get into a fight over the debt ceiling.
forlnesses. in washington, molly henneberg, fox news. >>> just ahead, if it's not the cliff, it's the ceiling. days after lawmakers avoid going over the fiscal cliff, they are now worried about another obstacle, the debt ceiling. >> later, how do you show your redskins pride? if you're this woman, you show it one fingernail at a time. that story and more, coming up on the news at 10:00.  . >>> president obama might choose his next secretary of defense on monday. right now, it looks like that choice is former nebraska senator chuck hagel. but the republican lawmaker won't necessarily have an easy time getting through the confirmation process. james rosen reports. >> reporter: the white house sources had cautioned that no decision had yet been made on the top pentagon spot, but two democratic sources told our ed henry that chuck hagel, former two-term gop senator from nebraska is likely to be nominated early next week. a maverick who opposed the surge in iraq and toured the mideast with then-candidate obama in 2008, hagel is assured of rough sledding in confirmat
to raise the country's debt ceiling. shortly after lawmakers reached a down to the wire deal on taxes to pull the country back from the fiscal cliff earlier this week, the president tried to preempt the debt limit showdown by firing a warning shot at republicans. he reiterated that call yesterday. >> one thing i will not compromise over is whether congress should pay the tab for a bill already racked up. the congress refuses to give the united states the ability to pay its bills on time, the results for the global economy could be catastrophic. >> congress has vowed to use the upcoming votes to get more spending cuts to entitlement programs like medicare. some are threatening a government shutdown. in a moment, we'll talk to alan simpson and erskine bowles about where they see the fiscal cliff deal leaving the country. they say it falls short. but first, the man who brokered the deal with the white house on behalf of the republicans and no doubt will be a key figure in the battles ahead, the top republican in the senate, mitch mcconnell. he joins me now. leader mcconnell, happy new ye
. they will give me their take on this fiscal cliff deal and look ahead to the fights over the debt ceiling. >> looking forward to it. thank you. once again, lester. >>> according to lance armstrong's twitter account, the former cycling champ is enjoying r and r in hawaii a day after "new york times" reported he's considering making a public admission about using performance-enhancing drugs. a confession of any kind could bring him even more trouble. >> throughout his celebrated career, champion cyclist lance armstrong vehemently denied allegations he was doping. >> have you ever, ever in the history of this race used performance-enhancing drugs. >> absolutely not. never. >> not once? >> not once. >> last fall a report led to him being stripped of his were seven tour de france titles the "new york times" quotes sources as saying armstrong told associates and anti-doping officials that he is considering publicly admitting that he used banned performance-enhancing drugs and blood transfusions during his cycling career. >> right now i think he's suffering pretty badly from i'm not competing an
with the recovery effort. >>> as the president and congress prepare to do battle over raising the debt ceiling, we are about to get the inside story on how the fiscal cliff negotiations went down. this morning on abc's "this week" mitch mcconnell is the guest. he's the republican leader who ripped craft the compromise. but did they just kick the can down the road and what to do the republicans plan to do about raising the debt ceiling? don't miss "this week" with george stephanopoulos coming up at 8:00 right here on abc7. >>> this morning lance armstrong's attorney is denying report the former cyclist is planning to admit to doping charges. the new york times reported that armstrong is considering a public admission. he has denied doping, as you know, for more than a decade. in a follow-up story the times said the u.s. doping agency could use armstrong's admission to go after other cyclists suspected of using perform answer enhancing drugs. speaking to former teammates, they said armstrong's testimony could provide the agency with much-needed insider info on how athletes are obtaining and using th
to do battle over raising the debt ceiling, we are about to get the inside story on how the fiscal cliff negotiations went down. this morning on abc's "this week" senate minority leader mitch mcconnell is the guest. he's the republican leader who helped craft the compromise. but did they kick the can down the road? is that all they did. and what do republicans plan to do about raising the debt ceiling. don't miss "this week" with george stephanopoulos coming up at 8:00 right here on abc7. >>> fans of a popular peninsula ice rink are rallying against a plan to close it. the ice center of san mateo is slated to close on june 1st. the landlord wants to transform the location at the bridge point shopping center into more retail space. but long-time fans of the rink are petitioning the landlord for a change of heart. >>> i mean, it's where most of our skaters, they come here almost every day. their parents drop them off. they feel safe here and for most of our skaters they are sad. they aren't sure what they are going to do, what their coaches are going to do, where they will end up. >> that
entrenched when it comes to the agreement that's got to be worked out regarding the debt ceiling? that's not that far off. >> right. you know, using the debt ceiling as the lever to try to force through a big deal is enormously problematic because of all the collateral damage associated with it. beginning to hear a few republican voices saying do we want to go through again what we did in 2011? i think the problem was the bush tax cuts were the moment there was enormous you expiration of the bush tax cuts, a moment when there was enormous leverage to make a deal. now you it gets harder going forward. today, you had mitch mcconnell on "meet the press" half a dozen time saying taxes have now been resolved only saving $600 billion the next decades, half the amount the president said he believed he needed to get the deficit under control. and on the other side, with the tax issue off the table, it's not really clear what is the leverage that is going to allow the republicans to force democrats to deal with the entitlement side, unless you can believe they can do that through the debt ceili
the tea party of louisville, the president saying this week, the next test will come with the debt ceiling debate. let's hope mcconnell compromises and giving in while getting nothing in return. however, if his fiscal cliff negotiations are any indication, we'll most likely see him wave the white flag again. what's your reaction, senator? >> well, the election will take care of itself in 2014. the question is, what will we do now? we know that everybody's taxes were going up a couple of days ago. what we did was prevent tax increases on 99% of the american public. nobody in the senate, not the 90% of senate republicans who voted for this, voted to raise anybody's taxes. and the arbiter of whether something is a tax increase or not is americans for tax reform. the head of americans for tax reform said it was not a tax increase. and had he been a senator, he would have voted for it. look, this was not a tax increase. it was not the kind of complete deal we'd like, because we want to cut spending. but we did stabilize taxes. the tax issue is behind us. and now we move forward to see if we can
but don't call it a debt ceiling negotiation. we'll just call it a sequester negotiation. i think that is a difference without a distinction. i think what the president demonstrated in the end of the fiscal cliff negotiation and a couple of previous negotiations is he is a guy who wants a deal even when he is holding all the cards as he was in the fiscal cliff negotiation. he is not a guy who wants to tempt fate. he doesn't like chaos. he wants to get a deal. he wants both sides leaving the table thinking they got something. he wants to prove that washington can work. when you put yourself there it is difficult to draw a line in the sand and expect the other guys to think you won't back off of it. >> there was a closed door house republican conference friday. what do we know about what the newly reelected house speaker john boehner said to the troops? >> he said exactly what the president doesn't want him to say, they need spending cuts to raise the debt ceiling and they don't believe that the president is a willing partner in negotiating. john boehner is going to turn his attenti
cliff there is of course, plenty of overhang here, since we still have spending cuts and a debt ceiling to come to grips with. this is what investors are thinking about now or are they over it already? >> well, investors know that the fun and games in congress have only just begun. as they think about it they think it's one down and three to go. there's the debt joeling coming up in early february which is is a very, very dangerous game to be playing, playing with the full faith and credit to the u.s. and could do significant damage to the economy. if we survive that one, we move to the sequestration you can the sequestration is basically budget cuts, 9.4% of defense spending, 8.2% of defense spending would be cut, a big impact on the economy that could change and hopefully, a more balanced perspective on that with finally, we get through that to the continuing resolution, which is basically the bunnell that's would come in place. if we get all through that, investors going to be very happy you the uncertainty will be over around we will be able to get glowing our economy. >> we have a
months, as the government reaches its debt ceiling and can't borrow any more money. president obama wants to lift that ceiling. the republicans don't. and it appears we're heading for another "thelma and louise" ride to the edge. remember -- they went over. we'll discuss that possibility next week with paul krugman, the nobel laureate in economics and "new york times" columnist whose bestselling book, "end this depression now!" calls for full employment as an alternative to austerity. read it, then send us the question you would like me to put to paul krugman. meanwhile, another reality beckons and there's a menace more threatening than the fiscal cliff ever was. what should really be scaring the daylights out of us -- the crisis which could make all the others irrelevant -- is global warming. get this one wrong and it's over -- not just for the usa, but for planet earth. that's the message delivered by hurricane sandy, and by almost all the extreme weather of the past two years. and here in the first month of the new year, it's the message from the most informed scientists in the world.
and three significant deadlines the end of february shall the debt ceiling battle has to take place, the beginning of march, sequester kicks in end of march and we're going to be talk as you saw with chris van holland and newly minted senator ted cruise. he's one of the people who has to vote up or down on hagel and find out what he nis about him. and his prescriptions for fixing the republican party. should the republican party trend more to moderate, a demographic shift or should conservatives retrench and stick to party ideals and we'll find out what cruz thinks the republican party stands for. >> alisyn: john, you only have an hour, i don't know how you're going to do that on a fox news sunday. >> the same way you folks do it, alisyn, talk quickly. >> clayton: kill the commercial breaks. >> alisyn: i like that. >> clayton: and by the way, go ahead, tucker, great job, good to see you on the show this morning. >> tucker: thanks, john, appreciate that. >> thanks. >> alisyn: we'll be watching. >> clayton: coming up he pointed his finger his a gun and got a six-year-old tossed out of
Search Results 0 to 28 of about 29 (some duplicates have been removed)